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Gold Miners Faced with Tough Decisions After Price Drop
Apr. 18, 2013 07:54AM PST
Precious Metals Investing
The Financial Post reported that the recent slide in gold prices could mean serious trouble for many global miners, who may be forced to take dramatic action in the face of such a price drop.
The Financial Post reported that the recent slide in gold prices could mean serious trouble for many global miners, who may be forced to take dramatic action in the face of such a price drop.
As quoted in the market report:
Gold producers, ignored as global stocks rebounded in the past two years and investors turned to exchange-traded funds that track bullion, face closing mines or shutting themselves down after the metal’s worst slump in three decades this week made 15% of miners unprofitable.
